Advanced Micro Devices, Inc. (AMD) Q2 FY2026 Financial Statements: Revenue $11.54B, Net income $2.30B
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PeriodQ2 FY2026Q1 FY2026
Published
Advanced Micro Devices (AMD) reported $11.54 billion in revenue for Q2 FY2026, the quarter ended June 27, 2026, up 50.1% from a year earlier and a record for the company. Data Center revenue of $6.72 billion, up 107.3%, drove the quarter on EPYC server processors and Instinct MI350 series GPUs, while gross margin of 53.8%, up 14.0 points, reflected the absence of the prior year's export control charges on Instinct MI308 inventory; operating income reached $1.99 billion, against an operating loss of $134 million a year earlier. Net income was $2.3 billion and diluted earnings per share were $1.38, up 155.6%, though those comparisons are distorted on both sides by items outside the operating business: unrealized gains on investments that listed publicly during this quarter, and a large discrete tax benefit in the year-ago quarter.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $11,536,000,000 | up 50.1% |
| Net income | $2,297,000,000 | up 163.4% |
| Diluted EPS | $1.38 | up 155.6% |
| Operating income | $1,990,000,000 | swung from -$134 million |
| Gross margin | 53.8% | up 14.0 points |
| Data Center revenue | $6,718,000,000 | up 107.3% |
About this file
| Ticker | AMD |
|---|---|
| CIK | 0000002488 |
| Company | Advanced Micro Devices, Inc. |
| Business type | industrial |
| Schema template | standard operating company (semiconductors), extended with reportable-segment revenue and operating income |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions) |
AMD annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2024-12-29 | 2023-12-31 | 2023-01-01 |
| Period end | 2025-12-27 | 2024-12-28 | 2023-12-30 |
| Period type | fiscal year | fiscal year | fiscal year |
| Period label | FY2025 (52 weeks ended December 27, 2025) | FY2024 (52 weeks ended December 28, 2024) | FY2023 (52 weeks ended December 30, 2023) |
| Source accession | 0000002488-26-000018 | 0000002488-26-000018 | 0000002488-26-000018 |
| Source form | 10-K filed 2026-02-04 | 10-K filed 2026-02-04 (comparative prior-year column) | 10-K filed 2026-02-04 (earliest comparative column) |
| Income statement | |||
| Revenue | 34,639,000,000 | 25,785,000,000 | 22,680,000,000 |
| Cost of sales excluding intangible amortization | 16,456,000,000 | 12,114,000,000 | 11,278,000,000 |
| Amortization of acquisition related intangibles in cost of sales | 1,031,000,000 | 946,000,000 | 942,000,000 |
| Total cost of sales | 17,487,000,000 | 13,060,000,000 | 12,220,000,000 |
| Gross profit | 17,152,000,000 | 12,725,000,000 | 10,460,000,000 |
| Gross margin % | 49.5% | 49.4% | 46.1% |
| Research and development | 8,091,000,000 | 6,456,000,000 | 5,872,000,000 |
| Marketing general and administrative | 4,144,000,000 | 2,735,000,000 | 2,318,000,000 |
| Amortization of acquisition related intangibles in opex | 1,223,000,000 | 1,448,000,000 | 1,869,000,000 |
| Restructuring charges | 0 | 186,000,000 | 0 |
| Total operating expenses | 13,458,000,000 | 10,825,000,000 | 10,059,000,000 |
| Operating income | 3,694,000,000 | 1,900,000,000 | 401,000,000 |
| Operating margin % | 10.7% | 7.4% | 1.8% |
| Interest expense | -131,000,000 | -92,000,000 | -106,000,000 |
| Other income expense net | 577,000,000 | 181,000,000 | 197,000,000 |
| Pretax income continuing operations | 4,140,000,000 | 1,989,000,000 | 492,000,000 |
| Income tax provision benefit | -103,000,000 | 381,000,000 | -346,000,000 |
| Equity income in investee | 26,000,000 | 33,000,000 | 16,000,000 |
| Income from continuing operations net of tax | 4,269,000,000 | 1,641,000,000 | 854,000,000 |
| Income from discontinued operations net of tax | 66,000,000 | 0 | 0 |
| Net income | 4,335,000,000 | 1,641,000,000 | 854,000,000 |
| Net margin % | 12.5% | 6.4% | 3.8% |
| EPS basic | 2.67 | 1.01 | 0.53 |
| EPS diluted | 2.65 | 1.0 | 0.53 |
| EPS diluted continuing operations | 2.61 | 1.0 | 0.53 |
| Shares basic weighted average | 1,624,000,000 | 1,620,000,000 | 1,614,000,000 |
| Shares diluted weighted average | 1,636,000,000 | 1,637,000,000 | 1,625,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 5,539,000,000 | 3,787,000,000 | |
| Short term investments | 5,013,000,000 | 1,345,000,000 | |
| Cash and short term investments | 10,552,000,000 | 5,132,000,000 | |
| Accounts receivable net | 6,315,000,000 | 6,192,000,000 | |
| Inventories | 7,920,000,000 | 5,734,000,000 | |
| Total current assets | 26,947,000,000 | 19,049,000,000 | |
| Property and equipment net | 2,312,000,000 | 1,802,000,000 | |
| Goodwill | 25,126,000,000 | 24,839,000,000 | |
| Acquisition related intangibles net | 16,705,000,000 | 18,930,000,000 | |
| Total assets | 76,926,000,000 | 69,226,000,000 | |
| Accounts payable | 2,929,000,000 | 2,466,000,000 | |
| Accrued liabilities | 5,250,000,000 | 4,260,000,000 | |
| Current portion of long term debt net | 874,000,000 | 0 | |
| Total current liabilities | 9,455,000,000 | 7,281,000,000 | |
| Long term debt net of current portion | 2,348,000,000 | 1,721,000,000 | |
| Total debt net carrying amount | 3,222,000,000 | 1,721,000,000 | |
| Total debt principal amount | 3,250,000,000 | 1,750,000,000 | |
| Long term operating lease liabilities | 625,000,000 | 491,000,000 | |
| Total liabilities | 13,927,000,000 | 11,658,000,000 | |
| Total stockholders equity | 62,999,000,000 | 57,568,000,000 | 55,892,000,000 |
| Net cash position | 7,330,000,000 | 3,411,000,000 | |
| Shares issued | 1,695,000,000 | 1,680,000,000 | |
| Shares outstanding | 1,630,000,000 | 1,622,000,000 | |
| Note | The FY2025 10-K presents a two-year balance sheet (fiscal 2025 and fiscal 2024), so a full fiscal 2023 balance sheet is not on the face of that filing. Total stockholders' equity for fiscal 2023 is taken from the Consolidated Statements of Stockholders' Equity in the same filing, which does cover three years. | ||
| Cash flow | |||
| Net cash provided by operating activities continuing operations | 6,493,000,000 | 3,041,000,000 | 1,667,000,000 |
| Net cash provided by operating activities discontinued operations | 1,216,000,000 | 0 | 0 |
| Net cash provided by operating activities total | 7,709,000,000 | 3,041,000,000 | 1,667,000,000 |
| Capital expenditures | 974,000,000 | 636,000,000 | 546,000,000 |
| Free cash flow continuing operations | 5,519,000,000 | 2,405,000,000 | 1,121,000,000 |
| Free cash flow total reported operating cash flow | 6,735,000,000 | 2,405,000,000 | 1,121,000,000 |
| Depreciation and amortization | 750,000,000 | 671,000,000 | 642,000,000 |
| Amortization of acquisition related intangibles | 2,254,000,000 | 2,393,000,000 | 2,811,000,000 |
| Stock based compensation | 1,638,000,000 | 1,407,000,000 | 1,384,000,000 |
| Acquisitions net of cash acquired | -1,760,000,000 | -548,000,000 | -131,000,000 |
| Proceeds from divestiture net of cash divested | 1,356,000,000 | 0 | 0 |
| Proceeds from debt and commercial paper issuance | 2,441,000,000 | 0 | 0 |
| Repayment of debt and commercial paper | -950,000,000 | -750,000,000 | 0 |
| Repurchases of common stock | -1,316,000,000 | -862,000,000 | -985,000,000 |
| Stock repurchases for tax withholding | -607,000,000 | -728,000,000 | -427,000,000 |
| Net cash used in investing activities | -5,533,000,000 | -1,101,000,000 | -1,423,000,000 |
| Net cash used in financing activities | -431,000,000 | -2,062,000,000 | -1,146,000,000 |
| Dividends paid | 0 | 0 | 0 |
| Segments | |||
| Note | Segment figures come from Note 4 of the FY2025 10-K. Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming segments into one reportable segment, and all prior-period segment data were retrospectively restated on that basis. AMD still discloses Client and Gaming revenue separately within the combined segment. The All Other category is not a reportable segment; it collects amortization of acquisition-related intangibles, stock-based compensation, acquisition-related and other costs, restructuring charges and similar items that management excludes when evaluating segment performance. | Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments. | Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments. |
| Revenue | |||
| Data center | 16,635,000,000 | 12,579,000,000 | 6,496,000,000 |
| Client and gaming | 14,550,000,000 | 9,649,000,000 | 10,863,000,000 |
| Client component of client and gaming | 10,640,000,000 | 7,054,000,000 | 4,651,000,000 |
| Gaming component of client and gaming | 3,910,000,000 | 2,595,000,000 | 6,212,000,000 |
| Embedded | 3,454,000,000 | 3,557,000,000 | 5,321,000,000 |
| Total | 34,639,000,000 | 25,785,000,000 | 22,680,000,000 |
| Operating income | |||
| Data center | 3,603,000,000 | 3,482,000,000 | 1,267,000,000 |
| Client and gaming | 2,855,000,000 | 1,187,000,000 | 925,000,000 |
| Embedded | 1,243,000,000 | 1,421,000,000 | 2,628,000,000 |
| All other | -4,007,000,000 | -4,190,000,000 | -4,419,000,000 |
| Total | 3,694,000,000 | 1,900,000,000 | 401,000,000 |
| Geographic revenue by customer billing location | |||
| United states | 11,363,000,000 | 8,693,000,000 | 7,837,000,000 |
| China including hong kong | 7,751,000,000 | 6,231,000,000 | 3,417,000,000 |
| Taiwan | 5,186,000,000 | 3,301,000,000 | 1,841,000,000 |
| Singapore | 4,284,000,000 | 3,614,000,000 | 2,231,000,000 |
| Other regions | 6,055,000,000 | 3,946,000,000 | 7,354,000,000 |
| Total | 34,639,000,000 | 25,785,000,000 | 22,680,000,000 |
AMD quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Fiscal period | FY2026 Q2 | FY2025 Q2 |
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 2 | 2 |
| Label | Q2 FY2026 | Q2 FY2025 |
| Period start | 2026-03-29 | 2025-03-30 |
| Period end | 2026-06-27 | 2025-06-28 |
| Period type | three months | three months |
| Period label | Three months ended June 27, 2026 (13 weeks) | Three months ended June 28, 2025 (13 weeks) |
| Source accession | 0000002488-26-000123 | 0000002488-26-000123 |
| Source form | 10-Q filed 2026-08-05 | 10-Q filed 2026-08-05 (prior-year comparative column) |
| Income statement | ||
| Revenue | 11,536,000,000 | 7,685,000,000 |
| Cost of sales excluding intangible amortization | 5,073,000,000 | 4,366,000,000 |
| Amortization of acquisition related intangibles in cost of sales | 260,000,000 | 260,000,000 |
| Total cost of sales | 5,333,000,000 | 4,626,000,000 |
| Gross profit | 6,203,000,000 | 3,059,000,000 |
| Gross margin % | 53.8% | 39.8% |
| Research and development | 2,528,000,000 | 1,894,000,000 |
| Marketing general and administrative | 1,401,000,000 | 991,000,000 |
| Amortization of acquisition related intangibles in opex | 284,000,000 | 308,000,000 |
| Total operating expenses | 4,213,000,000 | 3,193,000,000 |
| Operating income | 1,990,000,000 | -134,000,000 |
| Operating margin % | 17.3% | -1.7% |
| Interest expense | -37,000,000 | -38,000,000 |
| Other income expense net | 598,000,000 | 98,000,000 |
| Pretax income continuing operations | 2,551,000,000 | -74,000,000 |
| Income tax provision benefit | 252,000,000 | -834,000,000 |
| Equity income in investee | 6,000,000 | 8,000,000 |
| Income from continuing operations net of tax | 2,305,000,000 | 768,000,000 |
| Income from discontinued operations net of tax | -8,000,000 | 104,000,000 |
| Net income | 2,297,000,000 | 872,000,000 |
| Net margin % | 19.9% | 11.3% |
| EPS basic | 1.4 | 0.54 |
| EPS diluted | 1.38 | 0.54 |
| EPS diluted continuing operations | 1.39 | 0.47 |
| Shares basic weighted average | 1,632,000,000 | 1,623,000,000 |
| Shares diluted weighted average | 1,659,000,000 | 1,630,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 5,086,000,000 | 4,442,000,000 |
| Short term investments | 8,025,000,000 | |
| Cash and short term investments | 13,111,000,000 | |
| Accounts receivable net | 7,281,000,000 | |
| Inventories | 8,468,000,000 | |
| Total current assets | 31,522,000,000 | |
| Property and equipment net | 3,439,000,000 | |
| Goodwill | 25,470,000,000 | |
| Acquisition related intangibles net | 15,635,000,000 | |
| Total assets | 84,464,000,000 | |
| Accounts payable | 5,359,000,000 | |
| Accrued liabilities | 5,546,000,000 | |
| Current portion of long term debt net | 875,000,000 | |
| Total current liabilities | 12,081,000,000 | |
| Long term debt net of current portion | 2,351,000,000 | |
| Total debt net carrying amount | 3,226,000,000 | |
| Total debt principal amount | 3,250,000,000 | |
| Long term operating lease liabilities | 1,050,000,000 | |
| Total liabilities | 17,240,000,000 | |
| Total stockholders equity | 67,224,000,000 | 59,665,000,000 |
| Net cash position | 9,885,000,000 | |
| Shares issued | 1,632,000,000 | |
| Shares outstanding | 1,632,000,000 | |
| Note | The Form 10-Q for the quarter ended June 27, 2026 presents a two-date balance sheet - June 27, 2026 and December 27, 2025 - so there is no full balance sheet at June 28, 2025 on the face of that filing. The two figures shown are the ones it does print for that date: cash and cash equivalents from the cash reconciliation in the cash flow statement, and total stockholders' equity from the statements of stockholders' equity. | |
| Cash flow | ||
| Net cash provided by operating activities continuing operations | 2,366,000,000 | 1,462,000,000 |
| Net cash provided by operating activities discontinued operations | 0 | 549,000,000 |
| Net cash provided by operating activities total | 2,366,000,000 | 2,011,000,000 |
| Capital expenditures | 808,000,000 | 282,000,000 |
| Free cash flow continuing operations | 1,558,000,000 | 1,180,000,000 |
| Depreciation and amortization | 221,000,000 | 189,000,000 |
| Amortization of acquisition related intangibles | 544,000,000 | 568,000,000 |
| Stock based compensation | 503,000,000 | 369,000,000 |
| Repurchases of common stock | 0 | -478,000,000 |
| Stock repurchases for tax withholding | -207,000,000 | -46,000,000 |
| Net cash used in investing activities continuing operations | -2,607,000,000 | -2,276,000,000 |
| Net cash used in financing activities continuing operations | -15,000,000 | -1,319,000,000 |
| Dividends paid | 0 | 0 |
| Free cash flow total reported operating cash flow | 1,729,000,000 | |
| Segments | ||
| Note | Segment figures come from Note 4 of the Form 10-Q for the quarter ended June 27, 2026. AMD's three reportable segments are Data Center, Client and Gaming, and Embedded; Client and Gaming revenue is further split into its Client and Gaming components, which AMD discloses but does not report as separate segments. The All Other category is not a reportable segment - it collects amortization of acquisition-related intangibles, stock-based compensation and acquisition-related and other costs that management excludes from segment results - so it is shown as a negative line and the three reportable segments do not sum to consolidated operating income without it. | Segment figures come from Note 4 of the Form 10-Q for the quarter ended June 27, 2026. AMD's three reportable segments are Data Center, Client and Gaming, and Embedded; Client and Gaming revenue is further split into its Client and Gaming components, which AMD discloses but does not report as separate segments. The All Other category is not a reportable segment - it collects amortization of acquisition-related intangibles, stock-based compensation and acquisition-related and other costs that management excludes from segment results - so it is shown as a negative line and the three reportable segments do not sum to consolidated operating income without it. |
| Revenue | ||
| Data center | 6,718,000,000 | 3,240,000,000 |
| Client and gaming | 3,841,000,000 | 3,621,000,000 |
| Client component of client and gaming | 3,062,000,000 | 2,499,000,000 |
| Gaming component of client and gaming | 779,000,000 | 1,122,000,000 |
| Embedded | 977,000,000 | 824,000,000 |
| Total | 11,536,000,000 | 7,685,000,000 |
| Operating income | ||
| Data center | 2,103,000,000 | -155,000,000 |
| Client and gaming | 582,000,000 | 767,000,000 |
| Embedded | 386,000,000 | 275,000,000 |
| All other | -1,081,000,000 | -1,021,000,000 |
| Total | 1,990,000,000 | -134,000,000 |
AMD year-to-date income statement and cash flow
| First half FY2026 | |
|---|---|
| Label | First half FY2026 |
| Period start | 2025-12-28 |
| Period end | 2026-06-27 |
| Period type | six months |
| Period label | Six months ended June 27, 2026 (26 weeks) |
| Source accession | 0000002488-26-000123 |
| Source form | 10-Q filed 2026-08-05 |
| Income statement | |
| Revenue | 21,789,000,000 |
| Cost of sales excluding intangible amortization | 9,649,000,000 |
| Amortization of acquisition related intangibles in cost of sales | 521,000,000 |
| Total cost of sales | 10,170,000,000 |
| Gross profit | 11,619,000,000 |
| Gross margin % | 53.3% |
| Research and development | 4,925,000,000 |
| Marketing general and administrative | 2,654,000,000 |
| Amortization of acquisition related intangibles in opex | 574,000,000 |
| Total operating expenses | 8,153,000,000 |
| Operating income | 3,466,000,000 |
| Operating margin % | 15.9% |
| Interest expense | -74,000,000 |
| Other income expense net | 763,000,000 |
| Pretax income continuing operations | 4,155,000,000 |
| Income tax provision benefit | 490,000,000 |
| Equity income in investee | 12,000,000 |
| Income from continuing operations net of tax | 3,677,000,000 |
| Income from discontinued operations net of tax | 3,000,000 |
| Net income | 3,680,000,000 |
| Net margin % | 16.9% |
| EPS basic | 2.26 |
| EPS diluted | 2.22 |
| EPS diluted continuing operations | 2.22 |
| Shares basic weighted average | 1,631,000,000 |
| Shares diluted weighted average | 1,655,000,000 |
| Balance sheet | |
| Cash and cash equivalents | 5,086,000,000 |
| Short term investments | 8,025,000,000 |
| Cash and short term investments | 13,111,000,000 |
| Accounts receivable net | 7,281,000,000 |
| Inventories | 8,468,000,000 |
| Total current assets | 31,522,000,000 |
| Property and equipment net | 3,439,000,000 |
| Goodwill | 25,470,000,000 |
| Acquisition related intangibles net | 15,635,000,000 |
| Total assets | 84,464,000,000 |
| Accounts payable | 5,359,000,000 |
| Accrued liabilities | 5,546,000,000 |
| Current portion of long term debt net | 875,000,000 |
| Total current liabilities | 12,081,000,000 |
| Long term debt net of current portion | 2,351,000,000 |
| Total debt net carrying amount | 3,226,000,000 |
| Total debt principal amount | 3,250,000,000 |
| Long term operating lease liabilities | 1,050,000,000 |
| Total liabilities | 17,240,000,000 |
| Total stockholders equity | 67,224,000,000 |
| Net cash position | 9,885,000,000 |
| Shares issued | 1,632,000,000 |
| Shares outstanding | 1,632,000,000 |
| Cash flow | |
| Net cash provided by operating activities continuing operations | 5,321,000,000 |
| Net cash provided by operating activities discontinued operations | 0 |
| Net cash provided by operating activities total | 5,321,000,000 |
| Capital expenditures | 1,197,000,000 |
| Free cash flow continuing operations | 4,124,000,000 |
| Free cash flow total reported operating cash flow | 4,124,000,000 |
| Depreciation and amortization | 427,000,000 |
| Amortization of acquisition related intangibles | 1,095,000,000 |
| Stock based compensation | 990,000,000 |
| Acquisitions net of cash acquired | -129,000,000 |
| Proceeds from debt and commercial paper issuance | 0 |
| Repayment of debt and commercial paper | 0 |
| Repurchases of common stock | -221,000,000 |
| Stock repurchases for tax withholding | -341,000,000 |
| Net cash used in investing activities continuing operations | -5,172,000,000 |
| Net cash used in investing activities discontinued operations | -243,000,000 |
| Net cash used in investing activities total | -5,415,000,000 |
| Net cash used in financing activities continuing operations | -365,000,000 |
| Dividends paid | 0 |
| Segments | |
| Note | Segment figures come from Note 4 of the Form 10-Q for the quarter ended June 27, 2026. AMD's three reportable segments are Data Center, Client and Gaming, and Embedded; Client and Gaming revenue is further split into its Client and Gaming components, which AMD discloses but does not report as separate segments. The All Other category is not a reportable segment - it collects amortization of acquisition-related intangibles, stock-based compensation and acquisition-related and other costs that management excludes from segment results - so it is shown as a negative line and the three reportable segments do not sum to consolidated operating income without it. |
| Revenue | |
| Data center | 12,493,000,000 |
| Client and gaming | 7,446,000,000 |
| Client component of client and gaming | 5,947,000,000 |
| Gaming component of client and gaming | 1,499,000,000 |
| Embedded | 1,850,000,000 |
| Total | 21,789,000,000 |
| Operating income | |
| Data center | 3,702,000,000 |
| Client and gaming | 1,157,000,000 |
| Embedded | 724,000,000 |
| All other | -2,117,000,000 |
| Total | 3,466,000,000 |
AMD trailing twelve month income statement and cash flow
| Trailing twelve months ended June 27, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 27, 2026 |
| Period start | 2025-06-29 |
| Period end | 2026-06-27 |
| Period type | trailing twelve months |
| Period label | Trailing twelve months ended June 27, 2026 (derived) |
| Source accession | 0000002488-26-000123 |
| Source form | derived from the FY2025 10-K (accession 0000002488-26-000018) plus the 10-Q for the quarter ended June 27, 2026 (accession 0000002488-26-000123), less that filing's prior-year six-month columns |
| Derivation | Fiscal 2025 as reported, plus the six months ended June 27, 2026, less the six months ended June 28, 2025. AMD does not publish a trailing-twelve-month statement; this view is calculated. |
| Income statement | |
| Revenue | 41,305,000,000 |
| Cost of sales excluding intangible amortization | 18,288,000,000 |
| Amortization of acquisition related intangibles in cost of sales | 1,041,000,000 |
| Total cost of sales | 19,329,000,000 |
| Gross profit | 21,976,000,000 |
| Gross margin % | 53.2% |
| Research and development | 9,394,000,000 |
| Marketing general and administrative | 4,921,000,000 |
| Amortization of acquisition related intangibles in opex | 1,173,000,000 |
| Total operating expenses | 15,488,000,000 |
| Operating income | 6,488,000,000 |
| Operating margin % | 15.7% |
| Interest expense | -147,000,000 |
| Other income expense net | 1,203,000,000 |
| Pretax income continuing operations | 7,544,000,000 |
| Income tax provision benefit | 1,098,000,000 |
| Equity income in investee | 23,000,000 |
| Income from continuing operations net of tax | 6,469,000,000 |
| Income from discontinued operations net of tax | -35,000,000 |
| Net income | 6,434,000,000 |
| Net margin % | 15.6% |
| EPS basic | 3.95 |
| EPS diluted | 3.9 |
| EPS diluted continuing operations | 3.92 |
| Shares diluted weighted average | 1,650,000,000 |
| Cash flow | |
| Net cash provided by operating activities continuing operations | 9,413,000,000 |
| Net cash provided by operating activities discontinued operations | 667,000,000 |
| Net cash provided by operating activities total | 10,080,000,000 |
| Capital expenditures | 1,677,000,000 |
| Free cash flow continuing operations | 7,736,000,000 |
| Free cash flow total reported operating cash flow | 8,403,000,000 |
| Depreciation and amortization | 813,000,000 |
| Amortization of acquisition related intangibles | 2,214,000,000 |
| Stock based compensation | 1,895,000,000 |
| Dividends paid | 0 |
| Segments | |
| Note | Segment figures come from Note 4 of the Form 10-Q for the quarter ended June 27, 2026. AMD's three reportable segments are Data Center, Client and Gaming, and Embedded; Client and Gaming revenue is further split into its Client and Gaming components, which AMD discloses but does not report as separate segments. The All Other category is not a reportable segment - it collects amortization of acquisition-related intangibles, stock-based compensation and acquisition-related and other costs that management excludes from segment results - so it is shown as a negative line and the three reportable segments do not sum to consolidated operating income without it. |
| Revenue | |
| Data center | 22,214,000,000 |
| Client and gaming | 15,434,000,000 |
| Client component of client and gaming | 11,794,000,000 |
| Gaming component of client and gaming | 3,640,000,000 |
| Embedded | 3,657,000,000 |
| Total | 41,305,000,000 |
| Operating income | |
| Data center | 6,528,000,000 |
| Client and gaming | 2,749,000,000 |
| Embedded | 1,364,000,000 |
| All other | -4,153,000,000 |
| Total | 6,488,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. AMD reports in U.S. dollars and states that substantially all of its sales transactions are denominated in U.S. dollars, so no currency translation was applied. |
Prior year to date
| First half FY2025 | |
|---|---|
| Label | First half FY2025 |
| Period start | 2024-12-29 |
| Period end | 2025-06-28 |
| Period type | six months |
| Period label | Six months ended June 28, 2025 (26 weeks) |
| Source accession | 0000002488-26-000123 |
| Source form | 10-Q filed 2026-08-05 (prior-year comparative columns) |
| Income statement | |
| Revenue | 15,123,000,000 |
| Cost of sales excluding intangible amortization | 7,817,000,000 |
| Amortization of acquisition related intangibles in cost of sales | 511,000,000 |
| Total cost of sales | 8,328,000,000 |
| Gross profit | 6,795,000,000 |
| Gross margin % | 44.9% |
| Research and development | 3,622,000,000 |
| Marketing general and administrative | 1,877,000,000 |
| Amortization of acquisition related intangibles in opex | 624,000,000 |
| Total operating expenses | 6,123,000,000 |
| Operating income | 672,000,000 |
| Operating margin % | 4.4% |
| Interest expense | -58,000,000 |
| Other income expense net | 137,000,000 |
| Pretax income continuing operations | 751,000,000 |
| Income tax provision benefit | -711,000,000 |
| Equity income in investee | 15,000,000 |
| Income from continuing operations net of tax | 1,477,000,000 |
| Income from discontinued operations net of tax | 104,000,000 |
| Net income | 1,581,000,000 |
| Net margin % | 10.5% |
| EPS basic | 0.98 |
| EPS diluted | 0.97 |
| EPS diluted continuing operations | 0.91 |
| Shares basic weighted average | 1,621,000,000 |
| Shares diluted weighted average | 1,628,000,000 |
| Cash flow | |
| Net cash provided by operating activities continuing operations | 2,401,000,000 |
| Net cash provided by operating activities discontinued operations | 549,000,000 |
| Net cash provided by operating activities total | 2,950,000,000 |
| Capital expenditures | 494,000,000 |
| Free cash flow continuing operations | 1,907,000,000 |
| Free cash flow total reported operating cash flow | 2,456,000,000 |
| Depreciation and amortization | 364,000,000 |
| Amortization of acquisition related intangibles | 1,135,000,000 |
| Stock based compensation | 733,000,000 |
| Acquisitions net of cash acquired | -1,716,000,000 |
| Proceeds from debt and commercial paper issuance | 2,441,000,000 |
| Repayment of debt and commercial paper | -950,000,000 |
| Repurchases of common stock | -1,227,000,000 |
| Stock repurchases for tax withholding | -76,000,000 |
| Net cash used in investing activities continuing operations | -2,633,000,000 |
| Net cash used in investing activities discontinued operations | -22,000,000 |
| Net cash used in investing activities total | -2,655,000,000 |
| Net cash used in financing activities continuing operations | 347,000,000 |
| Dividends paid | 0 |
| Segments | |
| Note | Segment figures come from Note 4 of the Form 10-Q for the quarter ended June 27, 2026. AMD's three reportable segments are Data Center, Client and Gaming, and Embedded; Client and Gaming revenue is further split into its Client and Gaming components, which AMD discloses but does not report as separate segments. The All Other category is not a reportable segment - it collects amortization of acquisition-related intangibles, stock-based compensation and acquisition-related and other costs that management excludes from segment results - so it is shown as a negative line and the three reportable segments do not sum to consolidated operating income without it. |
| Revenue | |
| Data center | 6,914,000,000 |
| Client and gaming | 6,562,000,000 |
| Client component of client and gaming | 4,793,000,000 |
| Gaming component of client and gaming | 1,769,000,000 |
| Embedded | 1,647,000,000 |
| Total | 15,123,000,000 |
| Operating income | |
| Data center | 777,000,000 |
| Client and gaming | 1,263,000,000 |
| Embedded | 603,000,000 |
| All other | -1,971,000,000 |
| Total | 672,000,000 |
Notes
- All figures are taken from the face of the financial statements in AMD's annual report on Form 10-K for fiscal 2025 (accession 0000002488-26-000018, filed February 4, 2026, for the 52 weeks ended December 27, 2025) and its quarterly report on Form 10-Q (accession 0000002488-26-000123, filed August 5, 2026, for the quarter ended June 27, 2026), together with the segment, debt, stockholders' equity and acquisition notes in those same filings.
- Every statement in both filings is denominated in millions of dollars, and the share counts on the face of the statements are also in millions. All dollar and share figures here have been restated into actual dollars and actual shares. Per-share amounts are as printed.
- These two filings define the periods reported here. The 10-K presents three fiscal years of income statement, cash flow and segment data (fiscal 2025, 2024 and 2023) but only a two-date balance sheet, so fiscal 2023 carries no full balance sheet - only total stockholders' equity, which the three-year statement of stockholders' equity does show. The 10-Q presents two three-month columns (the quarters ended June 27, 2026 and June 28, 2025) and two six-month columns; the quarters are reported as quarters, and the six-month columns are kept separately as year-to-date views rather than mixed in with them. AMD's first quarter of fiscal 2026 is not a column in either filing and is therefore not reported here.
- AMD's 10-Q presents cash flows only for the six months, not for the quarter. The second-quarter cash flow figures shown here are therefore derived: the six-month column in this 10-Q less the corresponding first-quarter figure as reported in AMD's 10-Q for the quarter ended March 28, 2026 (accession 0000002488-26-000076). Two of the derived amounts can be checked against figures AMD states directly for the three-month period - amortization of acquisition-related intangibles of $544 million in the June 2026 quarter and $568 million in the June 2025 quarter, and stock-based compensation of $503 million and $369 million - and both agree exactly.
- Revenue of $11.536 billion in the quarter ended June 27, 2026 was 50% higher than the $7.685 billion of the year-ago quarter, and gross margin rose from 40% to 54%. AMD attributes the margin move mainly to the absence of the inventory and related charges recorded a year earlier in connection with the U.S. government export control on AMD Instinct MI308 data center GPU products, together with a richer product mix weighted toward the Data Center segment. Data Center revenue more than doubled, from $3.240 billion to $6.718 billion, and that segment swung from a $155 million operating loss to $2.103 billion of operating income.
- The June 2025 quarter carried an income tax benefit of $834 million, which is why AMD reported net income of $872 million on a pretax loss from continuing operations of $74 million. The benefit included a discrete item of $792 million, principally an $853 million release of uncertain tax positions relating to reasonable cause relief for dual consolidated losses approved by the Internal Revenue Service in April 2025. By contrast the June 2026 quarter carried a $252 million tax provision, an effective rate of 9.8%.
- Other income of $598 million in the June 2026 quarter, against $98 million a year earlier, is driven mainly by unrealized gains on non-marketable equity securities that became publicly listed during the quarter. It is a non-operating item and does not recur by nature.
- During the quarter ended June 27, 2026 AMD retired 66.9 million treasury shares, which returned to authorized but unissued status. Treasury stock is consequently zero at that date and shares issued equal shares outstanding at 1,632 million. The excess of purchase price over par value was charged $3.185 billion to additional paid-in capital and $4.470 billion to retained earnings, which is why retained earnings fell from $6.699 billion at December 27, 2025 to $5.909 billion despite $3.680 billion of first-half net income. Total stockholders' equity is unaffected by the retirement and rose to $67.224 billion.
- AMD acquired ZT Systems in March 2025 for total consideration of $4.4 billion and divested the ZT data center infrastructure manufacturing business in October 2025. The manufacturing business is presented as discontinued operations; the retained design operations and employees sit inside continuing operations within the Data Center segment. Discontinued operations are now small - a $8 million loss in the June 2026 quarter and $3 million of income for the first half, both tax provision adjustments - but they were material in fiscal 2025 and in the June 2025 quarter, which carried $104 million of discontinued-operations income and $549 million of discontinued-operations operating cash flow. Where discontinued operations contributed cash, free cash flow is reported on two bases: from continuing operations only, and using total reported operating cash flow.
- Capital expenditures are stated as purchases of property and equipment within continuing operations. The six months ended June 28, 2025 separately show $22 million of property and equipment purchases inside discontinued investing activities, which is excluded here.
- Total debt was unchanged over the half year at $3.250 billion of principal - $875 million of 4.212% notes due 2026, $625 million of 4.319% notes due 2028, $750 million of 2.375% notes due 2030, $500 million of 3.924% notes due 2032 and $500 million of 4.393% notes due 2052 - and $3.226 billion net of unamortized discount and issuance costs at June 27, 2026, against $3.222 billion at December 27, 2025. In May 2026 AMD replaced its $3.0 billion revolving credit facility with a five-year $5.0 billion facility and raised its commercial paper program ceiling from $3.0 billion to $5.5 billion; nothing was drawn under either at June 27, 2026. Operating lease liabilities are listed separately and are not included in the total debt figures.
- Total liabilities is not presented as a single line on AMD's balance sheet; the values shown here are total assets less total stockholders' equity. Net cash position is cash, cash equivalents and short-term investments less total debt at net carrying amount.
- In October 2025 and February 2026 AMD issued warrants to OpenAI OpCo, LLC and Meta Platforms, Inc., each entitling the holder to purchase up to 160 million shares of AMD common stock at an exercise price of $0.01, vesting in tranches tied to specified AMD Instinct GPU purchase milestones and to further performance conditions set out in the filing. As of June 27, 2026 no warrant shares had vested or become exercisable and the warrants had no effect on the financial statements for the three or six months then ended, so they are absent from the share counts and per-share figures reported here.
- Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming reportable segments into a single Client and Gaming segment and retrospectively restated all prior-period segment data on that basis. The segment history shown here for fiscal 2023 and fiscal 2024 is that restated presentation as it appears in the FY2025 10-K, so it will not match the segment tables published in AMD's older annual reports. AMD continues to disclose Client revenue and Gaming revenue separately inside the combined segment, and both components are reported here.
- AMD's All Other category is not a reportable segment. It carries the costs management excludes from segment results, chiefly amortization of acquisition-related intangibles and stock-based compensation. Summing the three reportable segments' operating income overstates consolidated operating income by the size of this category, so All Other is shown explicitly as a negative line.
- Revenue by customer billing location is disclosed annually and is shown against the fiscal years; the 10-Q does not repeat it for the quarter, so the quarterly entries carry no geographic split.
- AMD paid no dividends in any period shown.
- The fiscal 2025, 2024 and 2023 figures were confirmed against the columns of the FY2025 10-K read for this report and are unchanged from the presentation published for AMD's first quarter of fiscal 2026. AMD did not restate any of them.
Uncertainties
- The second-quarter cash flow figures for both fiscal 2026 and fiscal 2025 are calculated by subtracting the first quarter from the reported six months, because AMD's 10-Q shows cash flows for the six-month period only. They are arithmetically exact given the two published columns, and two of the derived lines match figures AMD states independently, but they are not numbers AMD itself prints as a quarter.
- The trailing-twelve-month view is calculated - fiscal 2025 plus the six months ended June 27, 2026 less the six months ended June 28, 2025 - and is not a period AMD reports. Trailing-twelve-month diluted earnings per share of $3.90 combines per-share figures struck on different weighted-average share counts (1,636 million for fiscal 2025 against 1,659 million for the June 2026 quarter), so it is an approximation, as are the trailing-twelve-month basic ($3.95) and continuing-operations diluted ($3.92) per-share figures alongside it. The 1,650 million diluted share count shown alongside it is the count implied by that earnings per share figure, not one AMD publishes.
- There is no balance sheet at June 28, 2025 in the filings read for this report, because the 10-Q presents balance sheets only at June 27, 2026 and December 27, 2025. The June 2025 quarter therefore carries only the two point-in-time figures that filing does print for that date - cash and cash equivalents of $4.442 billion and total stockholders' equity of $59.665 billion - and no other balance sheet lines.
- Fiscal 2023 has no full balance sheet for the same reason: the FY2025 10-K presents a two-date balance sheet. Only total stockholders' equity is available for that year.
- Total liabilities is derived rather than disclosed, since AMD's balance sheet does not present a total liabilities subtotal.
- Free cash flow for periods containing the ZT manufacturing business depends on which operating cash flow base is used, because that business generated cash before it was divested. Both bases are reported where they differ, and users should pick the one that fits their purpose.
- The purchase price allocation for the ZT Systems acquisition was described as preliminary in the FY2025 10-K. The 10-Q for the quarter ended June 27, 2026 now presents it as adjusted, with measurement-period adjustments of $54 million to assets held for sale, $272 million to liabilities held for sale and $218 million to goodwill, and states the adjustments were not material to results of operations. AMD is also eligible for up to $450 million of additional cash consideration from the buyer of the manufacturing business through 2028, which is not reflected in any figure here.
- Segment operating income depends on management's expense-allocation judgments, and segment results are not standalone financial statements. The fiscal 2023 and fiscal 2024 segment figures additionally reflect AMD's retrospectively restated segment structure.
- The OpenAI and Meta warrants could eventually put up to 320 million shares - roughly a fifth of the shares outstanding at June 27, 2026 - into issue at $0.01 each if their purchase and performance milestones are met. None had vested at that date, so none of the share counts or per-share figures reported here reflect them.
Company details
| Value | |
|---|---|
| Name | Advanced Micro Devices Inc |
| Ticker | AMD |
| CIK | 0000002488 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 3674 |
| Office | Manufacturing |
| Industry | Semiconductors & Related Devices |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-27 |
| Form | 10-Q |
| Accession | 0000002488-26-000123 |
| Fiscal year end | 1226 |
| Source | facts |
FAQ · Advanced Micro Devices financial statements
How much revenue did AMD report in Q2 FY2026?
Advanced Micro Devices reported $11.54 billion in revenue for Q2 FY2026, the quarter ended June 27, 2026. That is up 50.1% from $7.68 billion in the same quarter a year earlier, and a record for the company.
What was AMD's Data Center revenue in Q2 FY2026?
AMD's Data Center segment generated $6.72 billion of revenue in Q2 FY2026, up 107.3% from $3.24 billion a year earlier, on EPYC server processors and Instinct MI350 series GPUs. That is more than half of the $11.54 billion Advanced Micro Devices reported companywide for the quarter.
How much profit did AMD make in Q2 FY2026?
Advanced Micro Devices reported net income of $2.3 billion in Q2 FY2026, or $1.38 per diluted share, against $872 million and $0.54 a year earlier. Operating income was $1.99 billion, against an operating loss of $134 million. Part of that swing is the non-recurrence of the export control charges on Instinct MI308 inventory that pushed the year-ago quarter into a loss; the larger part is Data Center growth, not the investment gains recorded below the operating line.
What was AMD's gross margin in Q2 FY2026?
Advanced Micro Devices posted a gross margin of 53.8% in Q2 FY2026, up 14.0 points from 39.8% a year earlier. The gain reflects the absence of the export control charges on Instinct MI308 inventory that weighed on the year-ago quarter, together with a product mix weighted toward Data Center.
Where can I get Advanced Micro Devices, Inc. (AMD) financial data in machine-readable form?
Ticker Scout publishes Advanced Micro Devices, Inc.'s financial statements as JSON at https://tickerscout.ai/amd/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/amd/narrative.md and https://tickerscout.ai/amd/events.md. Advanced Micro Devices, Inc.'s SEC CIK is 0000002488. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Advanced Micro Devices, Inc. (AMD) next file with the SEC?
Advanced Micro Devices, Inc. (AMD) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from Advanced Micro Devices, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-27, SEC accession 0000002488-26-000123.
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